Gemstones are natural stones found deep in the earth, shining with beautiful colours. People use them in jewellery, decoration, and sometimes for health and good energy.
The gemstone market is a colourful place where buyers and sellers meet worldwide. Each country is famous for special stones, like Jaipur (India) is for emeralds and Antwerp for diamonds. The whole global gemstone market is seems to be strong, consistent growth. Growth is lead by increasing demand for certified and custom jewellery. So today we are telling you about top biggest and growing market in the world for gemstone trading.

1. Jaipur (INDIA)

Jaipur’s gem legacy dates back to the city’s founding in 1727 AD. It is capital of Rajsthan and also known as the “Pink City” of India. Approximately 50 percent of the global gemstones are refined here. Jaipur is famous for Eemeralds, Coral, and handmade gemstone jewellery. The city has very skilled workers who have been cutting and polishing gems for many generations. You can buy both raw stones and ready-made jewellery at good prices here.

You can come jaipur by train or flight from big cities like Delhi and Mumbai. In Jaipur, there is an international airport, named Jaipur International Airport, so you can get a flight directly to many countries. Popular gem markets Johari Bazaar, MI Road, and gopal ji ka rasta are in the center of the city.

Jaipur is one of the cheapest places in India to buy gemstones because many factories are in the city. It is a great place for new buyers and small shop owners who want good deals. Jaipur ranks high as a massive volume hub for cutting and polishing coloured gemstones. The local money used is Indian Rupees (INR).

Besides Jaipur, India has also some famous cities for buying gemstones, like Surat for diamond, Delhi, and Mumbai (a trading hub of gemstones and jewellery). In Surat, more than 80 percent of diamonds are cut, polished, or processed. Surat Diamond Bourse SBD), located in the dream city of Surat, Gujarat, is the world’s largest trading hub for diamonds with 4200 plus offices. Mahidharpura and Minibazar are also popular places for trading diamonds in Surat.

2. Bangkok & Chanthaburi (THAILAND) – “Asia’s Gemstone Powerhouse”

Bangkok/Chanthaburi gem trade dates back many centuries, specializing in Rubies, Sapphires, and expert Heating treatment. It is a powerful hub known for a high volume of ruby and sapphire processing. The city of Chanthaburi has a big gemstone market every weekend where traders sell gemstones. Dealers also bring stones from Africa and Myanmar (Burma). Bangkok is known for its expert work in gemstone’s cutting, glass- filling, heating, and exporting.

It is very easy to travel to Bangkok. You can reach it from many countries through Suvarnabhumi International Airport. Chanthaburi is about three hours from Bangkok by car or bus. Most visitors can get a visa easily, and Thailand has very good tourist facilities.

The local money used is Thai Baht (THB). In Chanthaburi, most sellers prefer cash, but in Bangkok, you can use cards too. There are many places to exchange money in tourist and trading areas.

3. Ratnapura (SRI LANKA)

Ratnapura in Sri Lanka is famous all over the world for its beautiful untreated ceylon sapphires and moonstones. The gemstones found here are generally natural and not treated, with bright colors and clear shine. Gemstone mining and trading have been part of the local culture for many years.

Ratnapura is about 100 kilometers away from Colombo, the capital of Sri Lanka. You can reach it by car or private taxi in about 3 to 4 hours. The gem markets are open every day, and most trading happens in the morning. This market is great for buyers who want natural gems with a known source.

The local money, Sri Lankan Rupees (LKR), is used here. You can easily find money exchange centers in Colombo and Ratnapura. You will find many gemstones here — Ceylon sapphires, Cat’s eye, spinel, garnet, zircon, and moonstone. Many small miners bring their rough stones directly to the market. There is a good mix of local and imported stones for both traders and collectors.

4. Antwerp (BELGIUM) – “The Diamond Capital of the World”

Antwerp is the Diamond Capital, focusing on high-quality, certified, ethical stones. It is known all over the world for its high-quality diamonds and gemstones. The city is famous for selling certified and conflict-free stones with honest and clear trade practices. You can also find beautifully cut, coloured gemstones made for luxury buyers.

Visitors can reach Antwerp easily through Antwerp Airport or Brussels Airport. The city is close to other big European cities like Amsterdam and Paris. The main Diamond District is near the central train station, so you can walk there easily.

Antwerp is a high-level market made for serious buyers, jewellers, and investors. Prices are higher because every stone comes with certificates and ethical standards. This market is not for cheap deals but perfect for top-quality gemstones.

The local currency used is the Euro (EUR). Most sellers accept bank transfers and credit cards for payments. Prices are clear, and strict trade rules protect buyers from fraud. Diamonds are the main attraction here, but you can also find emeralds, rubies, and sapphires.

5. Dubai (UAE) – “The Modern Gem & Jewelry Hub”

Dubai is a “Modern” hub, suggesting a more recent emergence globally. It shows strong potential, becoming a big centre due to tax-free trade. Dubai is a world-famous place for its beautiful diamonds, emeralds, sapphires and stylish Middle Eastern jewelry designs. It is quickly becoming a big center for trading colored gemstones and holding gem auctions. Popular places like the Gold Souk and Gem Park have gems for both local and international buyers.

Dubai International Airport connects the city to almost every country in the world. Main markets such as Deira Gold Souk and Gold & Diamond Park are located in the center of the city. Traveling here is easy, with no import taxes and a safe trading environment for buyers.

Dubai’s gemstone market is medium to high in price. Because there are no import duties, gemstones are often cheaper than in other countries. It is a great place for people who want certified gemstones with a modern, luxury touch.

The local money used is the Emirati Dirham (AED). Almost all shops accept credit cards and digital payments. You can easily exchange foreign money at airports and shopping malls. In Dubai, there is a large collection of certified gems that come from many countries.

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